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Loopring (LRC) and Stellar Lumens (XLM) See Decline in Confidence From Investors, Bulls Swarm to Uwerx (WERX) Presale

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Anyone with a little knowledge of the crypto market is aware of just how volatile it is. Compared to traditional financial areas, like the stock market, the crypto industry is greatly influenced and shaped by rumors and opinions.

The drawdown of the crypto market has been around 74%, and this has largely shaken investor confidence. Investors are, therefore, now looking for the next big token and investing as early as possible.

While cryptos like Loopring (LRC) and Stellar Lumens (XLM) showed potential earlier, they have been showing a downward trend over the past few months. Alternatively, Uwerx has caught the attention of investors. Analysts have predicted WERX could reach $2.60 by Q1 2024.

Loopring (LRC) Is Plummeting 

Priced at $0.1989 with a market volume of $16,020,315, Loopring (LRC) is a coin of the DEX protocol built on the Ethereum network. While the main selling point of Loopring (LRC) is zk-rollups, experts consider the token to be a high-risk investment. 

For a long time, Loopring (LRC) has struggled to endure the turbulent market winds, which has led to a constant decline in its price.

Due to an online rumor that Loopring was collaborating with GameStop, the token attracted a lot of interest at first. The reported decision by GameStop to abandon its acquisition of Loopring (LRC), however, had a significant impact on the token’s valuation. 

 The Decline of Stellar Lumens (XLM) 

Stellar Lumens (XLM) is priced at $0.073302 with a market volume of $55,168,181. While Stellar Lumens (XLM) initially showed potential, its 59% drop in the last few months has been alarming. 

Stellar Lumens (XLM) no longer intends to produce additional lumens after destroying half of them. This casts doubt on its investment potential.

Whilst Stellar Lumens (XLM) is quite an old crypto, it comes with significant risks. And analysts are observing bearish signs in the price of Stellar Lumens (XLM) in the past couple of months, which is not a good sign.

Uwerx (WERX) Could Be the Next Big Thing

Uwerx is priced at $0.005 during its presale with a market volume of X. WERX is in its presale stage and projected to revolutionize the freelancing market. The unpredictable nature of the crypto market makes it difficult for investors to understand which tokens to hold. Reassuringly, the Uwerx project has had its audits reviewed and approved by both InterFi Network and SolidProof.

However, with its inherent benefits over conventional freelancing platforms, Uwerx is projected to become a dominant player and potential blue-chip token in the market. Some of its perks include:

  • Transparent record-storing
  • Quick transactions
  • Intellectual property rights protection
  • Increased security
  • Reduced fees (5% vs 20% at Upwork and Fiverr)

How Can Uwerx (WERX) Be a Good Opportunity? 

Uwerx has strong fundamentals and development prospects. As any seasoned investor would know, making big gains frequently involves investing early in projects. With the drop in tokens like Stellar Lumens (XLM) and Loopring (LRC), investors are eyeing WERX as it is predicted to increase by 8,500%.

With benefits like robust security and reduced fees, investors cannot afford to miss out on WERX. The future of freelancing appears promising, and Uwerx can be a positive move in that path. Predicted to reach $2.60 in 2023, Uwerx can outperform tokens like Stellar Lumens (XLM) and Loopring (LRC).

Thus, investors must get this crypto if they wish to make big gains in the future. Liquidity will be locked after presale for 25 years, contract ownership will be renounced when the project is listed on a centralized exchange and discount prices aren’t going to last much longer. The crypto crash nor global market conditions certainly haven’t phased the future of freelancing out! Find out more using the links below!

 

Website: www.uwerx.network

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

NEAR Protocol (NEAR), Filecoin (FIL) Price Prediction 2023: Uwerx (WERX), A Revolutionary Freelance Platform

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Investors looking for good investments in 2023 want to see some quality in cryptocurrency projects. The days of easy valuations may be over with the rise in interest rates across the globe. Liquidity is harder to find, and the best projects will be rewarded. This is our 2023 price prediction for NEAR Protocol (NEAR), Filecoin (FIL), and Uwerx (WERX).

Uwerx (WERX) is Tipped for Success

We’ll start with Uwerx (WERX) which likely has the best chance of a big price. Some analysts have suggested a 6,000% advance for the WERX token. It is currently available in presale and investors can get their hands on a coin with some good price drivers. Uwerx (WERX) is targeting a niche area with a freelance work platform. This is a fast-growing and lucrative sector that was boosted by pandemic changes to working. Reassuringly, liquidity will be locker in after presale and for an additional 25 years later.

Uwerx will bring this niche onto the blockchain and can benefit from first mover advantage. Uwerx (WERX) is set to disrupt an industry monopolized by Upwork and Fiverr. The digital ledger can shake up an industry that has been criticized for high fees (20% with Fiverr and 10% with Upwork) and slow payment processing. Uwerx (WERX) is still under the radar and can get a rocket boost when it attains mainstream attention and exchange listings. This could be an opportunity to get a potentially future blue-chip cryptocurrency at an extremely good price. In 2023, it is not inconceivable to see WERX trading around the $1.00 level.

NEAR Protocol (NEAR) Seeks to Shake off Gloom

NEAR Protocol (NEAR) was trading at $20 in 2021 at the peak of the bull market. The coin slumped to lows above $1.00 in 2022 and has seen a recent rally. NEAR Protocol (NEAR) emerged in the crypto industry with a bang when it received $350 million in funding after its launch. Hedge fund Tiger Global led the charge and the project reached a valuation high of $12.5 billion.

NEAR Protocol (NEAR) now has a market cap of $1.3 billion and ranks at number 33 in the list of coins. One headwind for NEAR could be financial problems at a firm which is facing a fallout from the FTX collapse. Digital Currency Group, led by Barry Silbert, saw its Gemini exchange and Silvergate Capital companies running into concerns. DCG had to cover $8.5bn in withdrawals, bringing their cash to $3.5bn. NEAR Protocol (NEAR) is one of the company’s holdings. NEAR Protocol (NEAR) could see headwinds from forced selling but should recover to around $5.

Filecoin (FIL) was Hit Badly in 2022

Filecoin (FIL) saw a disastrous plunge in 2022 with a drop from a high of $180 to around $3. Filecoin (FIL) is a decentralized storage network, but the project has to fight against the tech giants in the cloud such as Microsoft and Amazon. When crypto was in a bull market, Filecoin (FIL) saw its value soar. As sentiment turned negative, hopes for mass adoption faded.

Filecoin (FIL) will need to see large-scale adoption of cryptocurrency by institutions and that could be slow after recent market setbacks. For that reason, our price prediction for 2023 is around the $12 mark.

However, we do believe the Uwerx platform stands to give potential investors more gains as it has presents a unique opportunity for investors to get into a future blue chip cryptocurrency and a project that seeks to solve real world problems in a high growth industry. Interfi Network and Solidproof have both certified the audits for Uwerx and liquidity has been locked for 25 years after presale ends, join the presale of 2023 (currently at $0.005) by following the links below:

Website: www.uwerx.network

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Information Security and Digital Forensics at Tekedia Institute

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Many posit that online is the future of business. And if we begin to transition into that online universe, we need to think of security. Many empires in this world have collapsed because of cyber-attacks which come in many forms. Just recently, a US university (Lincoln College)  collapsed when a ransomware attack blocked the college from accessing data used in its student recruitment. With no students for a new year, the mission was punted – and a 157-year old university folded.

Tekedia Mini-MBA is a wholistic program. Today, one of the best in this sector will be in class to educate us. From protecting BMW’s autonomous vehicles to teaching in the academic world, our Faculty, Dr. Francis Nwebonyi, is a technical and an academic leader. Meet him in class; Zoom link in the board.

Remember to beat March 31 early bird deadline for  the next edition of Tekedia Institute Mini-MBA. Massive discounts; register on time.

DSS Alleges Plot to Install An Interim Government in Nigeria, Warns of Consequences

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The Department of State Services (DSS) said it has uncovered a plot by some political actors to forestall the inauguration of Bola Ahmed Tinubu, who the Independent National Electoral Commission (INEC) declared the winner of Nigeria’s 2023 presidential election.

In a statement signed by its spokesperson, Peter Afunanya on Wednesday, the secret service said it “considers the plot, being pursued by these entrenched interests, as not only an aberration but a mischievous way to set aside the constitution and undermine civil rule as well as plunge the country into an avoidable crisis.”

The statement follows a petition by the spokesperson for the All Progressive Congress (APC) presidential campaign, Festus Keyamo, to the DSS, accusing the candidates of the Labour Party, Peter Obi and the Peoples Democratic Party, Atiku Abubakar, of heating the polity to cause anarchy.

The DSS had on Saturday, issued a statement, warning politicians to desist from peddling “hate speech” and false narratives capable of stirring chaos that could scuttle the inauguration of the president-elect.

Both Atiku and Obi have approached the court, challenging the outcome of the presidential election, which they say does not represent the wish of the people. Atiku also led a protest to INEC headquarters, to register the displeasure of Nigerians over the conduct of the election.

The DSS is believed to have been prompted by these developments to issue the statements. The service said “the illegality” of the recent events “is totally unacceptable in a democracy and to the peace-loving Nigerians.”

The DSS, which describes the conduct of the election as “peaceful”, said “the planners, in their many meetings, have weighed various options, which include, among others, to sponsor endless violent mass protests in major cities to warrant a declaration of State of Emergency.” It added that they’re also planning to “obtain frivolous court injunctions to forestall the inauguration of new executive administrations and legislative houses at the Federal and State levels.”

The service said it will collaborate with the Presidential Transition Council and sister security and law enforcement agencies to ensure seamless inaugurations come 29th May, 2023, warning stakeholders, judicial authorities, media and the Civil Society, to “avoid being used as instruments to subvert peace and stability of the nation.”

Against the backdrop of these statements, Nigerians have expressed concern that the DSS, which is supposed to be apolitical, has become blatantly partisan. Many said that the Nigeria’s secret service is now working as an arm of the ruling APC.

Read the full statement below:

The Department of State Services (DSS) has identified some key players in the plot for an Interim Government in Nigeria. The Service considers the plot, being pursued by these entrenched interests, as not only an aberration but a mischievous way to set aside the constitution and undermine civil rule as well as plunge the country into an avoidable crisis. The illegality is totally unacceptable in a democracy and to the peace-loving Nigerians.

This is even more so that the machination is taking place after the peaceful conduct of the elections in most parts of the country. The planners, in their many meetings, have weighed various options, which include, among others, to sponsor endless violent mass protests in major cities to warrant a declaration of State of Emergency. Another is to obtain frivolous court injunctions to forestall the inauguration of new executive administrations and legislative houses at the Federal and State levels.

The DSS supports the President and Commander-in-Chief in his avowed commitment to a hitch-free handover and will assiduously work in this direction. It also supports the Presidential Transition Council and such other related bodies in the States.

It will collaborate with them and sister security and law enforcement agencies to ensure seamless inaugurations come 29th May, 2023.

Consequently, the Service strongly warns those organizing to thwart democracy in the country to retract from their devious schemes and orchestrations.

Stakeholders, notably judicial authorities, media and the Civil Society, are enjoined to be watchful and cautious to avoid being used as instruments to subvert peace and stability of the nation.

While its monitoring continues, the DSS will not hesitate to take decisive and necessary legal steps against these misguided elements to frustrate their obnoxious intentions.

Peter Afunanya PhD, fsi

Public Relations Officer

Department of State Services

National Headquarters

Abuja

29th March, 2023

Alibaba Assures Investors That Restructuring Won’t Affect Company’s Growth

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Chinese giant E-commerce company Alibaba has assured investors that its recent restructuring which saw the company split into six units won’t affect the company’s growth, rather it will make the business more agile.

In a message to investors, Alibaba CEO Daniel Zhang said that he strongly believes that the company’s overhaul will allow it to become more nimble, which will enhance the business decision-making process and help it respond faster to market changes.

In his words,

We’ve been stressing the idea of agility and being a more nimble and agile organization for several years now, the split will see Alibaba’s board continue to have control over its entities.

“Alibaba Group will be in the nature of a holding company that is the controlling shareholder of the business group companies. As the controlling shareholder, the Alibaba board will continue to have control over the boards of these new companies.”

Shares of Alibaba listed in Hong Kong rose nearly 3% at the market open on Thursday roughly an hour after the CEO’s assurance to investors. Also, the stock on Wednesday closed by over 12% and saw its best day since Nov. 11, 2022.

Meanwhile, a senior lecturer in Chinese and East Asian business at King’s College London Xin Sun warned that while there are promising signs for investors, there is also a reason to be cautious. He describes Alibaba’s overhaul as a move to break up the company’s business empire and to reduce its huge influence that could potentially pose a threat to the Chinese Communist Party’s rule.

He said, “After restructuring, the organizational structure of Alibaba will become more decentralized, and the control over its assets, data, and resources will be less concentrated. The Party could then impose stronger political control over each of the new entity more easily”.

It would be recalled that Alibaba on Tuesday, March 28, Alibaba split its company into six business groups each, (Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics, Global Digital Commerce Group, and Digital Media and Entertainment Group) with the ability to raise outside funding and go public.

The company’s recent overhaul is coming following Beijing’s regulatory crackdown on the Chinese tech sector which began in late 2020, wiping off more than a combined $1 trillion from the country’s biggest companies. Over the past two years, China’s government has often fought against the disorderly expansion of capital of tech firms that have grown into large conglomerates which they believe stifles market competitiveness.

In 2021, Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance. Regulators opened a probe into the company’s monopolistic practices in December. The investigation’s main focus was a practice that forces merchants to choose one of two platforms, rather than being able to work with both.

This saw Alibaba’s founder come under fire for saying that China’s financial system was “the legacy of the Industrial Age.” Therefore, part of Alibaba’s announcement noted that its recent groups of businesses could raise outside capital and even go public, seemingly heading in a contrary direction to Beijing’s concerns.

Alibaba remains optimistic to please investors with its major business restructuring, heralding the biggest shake-up of China’s best-known e-commerce company since Jack Ma founded it 24 years ago.